Spanish regulator issues new warning on foreign scammers

Eugenia Jimenez

30 August 2018

Tweet

Facebook

LinkedIn

Google plus

Send to

The Spanish regulator National Securities Market Commission (CNMV) has issued a new warning on boiler rooms operating abroad.

The CNMV has reported that three foreign investment firms that were operating in France and the UK are unlisted entities, an information the UK Financial Conduct Authority (FCA) and the French regulator Autorité des Marchés Financiers sent to the CNMV.

Related articles

Patrimoine Gestion Management – which was operating in France through the site patrimoinegestion-management.com –, PGM Patrimoine – through pgmpatrimoine.com – and Billson Capital Partners, available to UK investors through billsonpartners.com –, are those unlisted companies listed in the CNMV warning.

Both the CNMV and other foreign regulators disseminate monthly warnings on those boiler rooms providing investment services without having the authorisation to do so.

“For more details on the warnings received from foreign regulators at the European level, please visit the CNMV website to view any existing warnings on unauthorized entities and other warnings,” reads the note.